Coinbase about to launch IEO platform

Posted 11 September, 2019

The head of the institutional sales of the company in Asia, Kayvon Pirestani, stated that in addition to the token, Coinbase is also considering the development and launch of a platform for conducting IEO (initial exchange offer), a method of attracting investments that is so popular today.

“In a nutshell, Coinbase is carefully exploring not only the IEO space but also STOs [security token offerings]. But I can’t make any formal announcements right now.” - said he.

According to Pirestani, Coinbase’s plans to launch an IEO platform can materialize within a few months. The exchange is also taking steps towards organizing STO campaigns.

The Coinbase initiative looks more than logical, especially against the background of the extraordinary popularity of IEO in the cryptocurrency space now - most major exchanges have launched IEO platforms and successfully attract investments using a new tool while acting as a guarantor of the integrity of issuers.

Earlier, the exchange acquired several third-party firms in order to obtain the status of a regulated broker-dealer. A Coinbase representative said that the process is still ongoing, and security tokens are in doubt, so the exchange intends to wait for increased interest in such offers on the market before proceeding with active actions.

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